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Spectrum Electrical Industries Limited, incorporated in 1995, is engaged in the business of Injection Moulding, manufacturing of Electrical Press Components and Surface treatment of Automobile, Electrical and Stamped parts.
Spectrum Electrical received in-principle approval for a preferential issue of shares worth ~₹275 Cr and convertible warrants worth ~₹50 Cr, boosting capital.
Spectrum Electrical reappointed M/s. Kolhe & Associates as Cost Auditor and M/s. Sonawane MOR and Company as Internal Auditor for FY2026-27. This is a routine corporate governance step, ensuring continued financial oversight and adherence to company law.
Spectrum Electrical completed the 100% acquisition of Alric Electric Private Limited for ₹1.11 Cr. This strategic business development strengthens the company's portfolio.
Spectrum Electrical's Q1 results show strong growth. Standalone revenue hit ₹84.55 Cr (up 15.7% YoY) & PAT ₹6.09 Cr (up 173% YoY). Consolidated revenue reached ₹85.43 Cr & PAT ₹5.63 Cr. ₹8.95 Cr from QIP is earmarked for capital expenditure.